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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (43895)	5/11/2005 10:42:52 AM
From: Tommaso	Read Replies (2) \| Respond to of 206325

From the report you linked: Over the last four weeks, motor gasoline demand has averaged nearly 9.2 million barrels per day, or 0.9 percent above the same period last year, while distillate fuel demand has averaged over 4.1 million barrels per day, or 1.4 percent above the same period last year. Kerosene-type jet fuel demand is up 5.0 percent over the last four weeks compared to the same four-week period last year. It's hard to see crude prices dropping much with Americans burning more of everything than ever. I guess it could always happen, but I would not want to be short crude myself.

To: Dennis Roth who wrote (43895)	5/11/2005 9:36:16 PM
From: Cogito Ergo Sum	Respond to of 206325

Ah yes 2002 I remember it well... Message 18222810 Message 18222880 Wish I has a crystal ball... Energy made me a lot of dough that time... Surprised we are still holding 50 here frankly... What we've had doesn't really feel like a real pullback in POO regards Kastel

To: Dennis Roth who wrote (43895)	5/12/2005 9:12:45 AM
From: big guy	Respond to of 206325

<U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) rose by 2.7 million barrels from the previous week. At 329.7 million barrels, U.S. crude oil inventories are above the upper end of the average range for this time of year, and the highest since the end of March 2002.> Here is a chart of crude originating in March 2002. Doesn't appear inventory levels have been a very good predictor of future price moves. stockcharts.com[r,a]waclnyay[d20020312,20050512][pi!b50!d20,2][vc60][iUah12,26,9!Lb14!Ll14]&pref=G

To: Dennis Roth who wrote (43895)	5/18/2005 10:31:14 AM
From: Dennis Roth	Respond to of 206325

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) rose by 4.3 million barrels from the previous week. At 334.0 million barrels, U.S. crude oil inventories are well above the upper end of the average range for this time of year, and the highest since May 1999 when compared to monthly data. Total motor gasoline inventories increased by 1.1 million barrels last week, putting them just below the upper end of the average range. Distillate fuel inventories declined by 0.2 million barrels last week, and are in the lower half of the average range for this time of year. Total commercial petroleum inventories rose by 8.2 million barrels last week, and are near the upper end of the average range. another excerpt: U.S. crude oil imports averaged nearly 10.9 million barrels per day last week, up 867,000 barrels per day from the previous week, and the fourth highest weekly average ever. Over the last four weeks, crude oil imports have averaged 10.5 million barrels per day, which is 319,000 barrels per day more than averaged over the comparable four weeks last year. For the full weekly EIA report click on: eia.doe.gov The 13th stock build in 14 weeks. PVM Oil Associates in Vienna, Austria, projected crude stocks to increase by 900,000 barrels, distillates by 1 million barrels and gasoline by 620,000 barrels. Only the distillates were less than expected. ooo ( ) ooo ooo O O ooo o( V )o ( ) w-w